Sampang named CIO for Toyota Financial, other staff moves
Toyota Financial Services has appointed Anna Sampang group vice president and chief information officer, effective March 25. Sampang, who…
Lucid, Rivian deliveries surge in third quarter
EV makers Lucid Motors and Rivian saw soaring deliveries in the third quarter, despite ongoing production headwinds. Lucid’s deliveries jumped…
Toyota chairman predicts battery electric cars will only reach 30% share
Toyota Motor Corp. Chairman Akio Toyoda believes battery electric vehicles will reach at most 30% market share, with the rest…
Sales offset auto ABS issuance drop in December (Big Wheels)
A rise in auto sales offset a decline in auto asset-backed securitization issuance in December, contributing to stronger auto finance…
CFPB fines American Honda Finance $12.8M
American Honda Finance Corp. is being hit with a $12.8 million fine by the Consumer Financial Protection Bureau, which claims…
GM, Hyundai sales jump as Trump tariff fears spur car buying
Automakers including General Motors Co. and Hyundai Motor Co. reported higher US auto sales as the threat of price hikes…
HOG sells $5B in HDFS loans to asset management firms
KKR & Co. and Pacific Investment Management Co. have each agreed to purchase a stake in Harley-Davidson Financial Services and…
Black Friday automotive deals include cash back, low APR
Black Friday 2024 deals are offering a mix of cash-back incentives and attractive APR options. The average transaction price (ATP)…
S&P says Prestige’s halting of loan originations likely won’t affect ratings
Auto lender Prestige Financial Services’ decision to stop originations is not expected to negatively affect ratings across its securitization transactions,…
Navigating the Margin Squeeze: EVs, Tariffs & Pricing — A Q&A with Earnix
In an industry where political events, macroeconomic swings and shifting consumer behavior can quickly change the rules of the game,…
Podcast: Synchrony’s Medrano, Broward Motorsports’ Reyes talk financing support
Powersports lender Synchrony is working closely with dealerships to align financing options with consumer appetite and sales goals. West Palm…
Stellantis CFO Doug Ostermann will also lead Stellantis Financial Services
Stellantis named Doug Ostermann as head of Stellantis Financial Services, according to a LinkedIn post he shared Aug. 1. This…
HDFS transaction expected to close in Q3
A transaction involving Harley-Davidson’s financial arm, Harley-Davidson Financial Services, is expected to close in the third quarter, according to a…
Troubled EV maker Fisker said to be in talks with Nissan
Fisker Inc. is in talks with Japan’s Nissan Motor Co., people familiar with the matter said Friday, as the electric…
Initial jobless claims in US increase by most since early May
Initial applications for US unemployment benefits rose last week by the most since early May and continuing claims jumped, adding…